HomeMy WebLinkAbout0911 _ -
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'79 434
this grandson and my grandson, DAVID SCHWARZMEIER, in equal shares. But
distribution of the coppus of this trust shall not be made until the
beneficiary entitled to it shall attain the- a,~e of thirty 130 years.
I give the other of such.-eq~.ial parts to my Trustee, in trust for the
following uses and p~poses; t4 take control and management thereof, and
to invest and reinvest the principal and keeg the same invested, and to
receive the income therefrom, and, after paying the reasonable. and proper
expenses of the Trust to pay the income therefrom to my grandson,_DAVID
SCHWARZMEIER until he shall attain the age of thirty (30) years, and
thereupon to pay over the principal to him, as it shall then exist. In
the event that my grandson died before attaining the age of thirty (30)
years, or, if he shall not survive me, then, and in either event, I direct
my Trustee to pay the .income to the issue -of -this grandson and my grand-
son, DONALD SCHWARZMEIER, in-equal shares. But distribution of the corpus
of this trust shall not be made until the beneficiary entitled to it shall
attain the age ot- thirty (30) years. _
Any income payable to a beneficiary during his minority may be, with-
in the sole discretion of the Trustee, accumulated for his or-her benefit,
or applied to his or her support or education. Any income required to be
accumulated during the minority of any beneficiary may, within the sole -
discretion of the Trustee, be applied to his or her support or education.
Iv.
The Trustee shall have all the powers of Trustees conferred by
Florida Statute 737.402.
In addition to-and in support of such powers, the Trustee shall have
the following powers:
(a) To receive, hold, exchange, manage and control said
~ - property in his reasonable discretion;
(b) To hold the same, or any part thereof, in cash from time
to time and to invest, reinvest or keep the same invested
in such income bearing securities or other property, real
or personal, as the Trustee may deem advisable in his
reasonable discretion, and to collect the income therefrom;
(c) To have and exercise full power to sell, exchange, lease
or otherwise dispose of, fr'orn time to time, in his discre-
tion, all or any portion of the trust assets in the manner
and upon such terms as the Trustee may, in the exercise of
his judgment and discretion, deem most beneficial to the
Trust esta+~e. -
gpOxJ~~ PdGE ~O Signed for Id ntification